Meaning & Definition of word "Estimation"

Estimation

/ˌɛstəˈmeɪʃən/

noun:

  • 1. A judgment or opinion about the value or worth of something.
    • Example: In my estimation, the project is worth pursuing.
  • 2. An approximate calculation or judgment regarding the size, amount, or value of something.
    • Example: The contractor provided an estimation of the costs involved in the renovation.
  • 3. The process of making a judgment about the value, size, or cost of something.
    • Example: After careful estimation, we concluded that the trip would be feasible.
  • 4. A calculation made using available data or information.
    • Example: The estimation of the population growth was based on last year's census data.

Etymology

Early 15th century: from Latin ‘aestimatio’, from ‘aestimare’ meaning 'to value' or 'to rate.'

Common Phrases and Expressions

in my estimation:

according to my judgment or opinion.

rough estimation:

an approximate calculation that is not exact.

in good estimation:

held in high regard or respected.

Related Words

estimate:

A rough calculation or judgment of the value, number, quantity, or extent of something.

assess:

To evaluate or estimate the nature, ability, or quality of.

Slang Meanings of estimation